Subscribe to InfoChoice to receive


Special offers
Exclusive offers
Market data, trends and insights



Subscribe
Savings accounts vs term deposits

Savings accounts vs term deposits

28/06/2016

The Reserve Bank of Australia has brought interest rates down to historically low levels. The official cash rate is now set at 1.75 per cent and economists are predicting one more rate cut this year.

In this environment, savers need to be alert and prepared to shop around to get the best rate. Smart savers who are prepared to move their money can get returns over three per cent.

Online high interest savings accounts — or “at-call” deposits - may be a good option for many savers. Right now, many savings accounts have better returns than fixed term deposits.

Source: infochoice.com.au



Previous Article  Next Article

Savings Account Selector

State
Savings Amount

Term
Account Type
Account Type
 




Featured Savings Accounts

Institution Product Max. Rate (%) Details
Citi Online Saver (2.85% Variable intro rate for 4 months on balances up to $500k) 2.85 Go to site
Maxi Saver (2.80% variable for first 3 months) 2.80 Go to site
Maxi Saver Account 2.80 Go to site
Savings Maximiser (Base rate 1.50%p.a + 1.30%p.a Standard Bonus Rate = 2.80%p.a on balances up to $100K) 2.80 Go to site
Maxi Saver (NSW, ACT, SA & NT) 2.80 Go to site
Maxi Saver (QLD, VIC, WA & TAS) 2.80 Go to site
Institution Product Max. Rate (%) Details

Based on promotional or introductory rates for an online savings account of $5,000. For information on how we've selected these “Sponsored” and “Featured” products click here.


Advertisement

Find out more



Twitter Facebook

© InfoChoice Pty Ltd ABN 93 061 105 735 AFSL and Australian Credit Licence number 349445

Although we cover a range of products, providers and services we don't cover every product, provider or service available in the market. The information and products contained on this website do not constitute recommendations or suggestions to purchase or apply for any particular product. Products included on this site may not suit your personal objectives, financial situation or needs. Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product. If you are considering acquiring any financial product you should obtain and read the relevant Product Disclosure Statement or other offer document prior to making an investment decision.

Go to top